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	<title>Finance Matters &#187; bonus</title>
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		<title>Survey Finds Terrible Bonuses Met Or Exceeded Wall Street&#8217;s Even More Terrible Expectations</title>
		<link>http://www.smoothlinking.net/financematters/21280/survey-finds-terrible-bonuses-met-or-exceeded-wall-streets-even-more-terrible-expectations/</link>
		<comments>http://www.smoothlinking.net/financematters/21280/survey-finds-terrible-bonuses-met-or-exceeded-wall-streets-even-more-terrible-expectations/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 23:50:34 +0000</pubDate>
		<dc:creator>Ben Walsh</dc:creator>
				<category><![CDATA[The Business Inside]]></category>
		<category><![CDATA[Absolute Measure]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[Culture]]></category>
		<category><![CDATA[Deferred Comp]]></category>
		<category><![CDATA[Email Survey]]></category>
		<category><![CDATA[Financial Sector]]></category>
		<category><![CDATA[Free Lunch]]></category>
		<category><![CDATA[Lazard]]></category>
		<category><![CDATA[Leverage]]></category>
		<category><![CDATA[Norm]]></category>
		<category><![CDATA[Pay Scale]]></category>
		<category><![CDATA[Real Reason]]></category>
		<category><![CDATA[Restricted Stock]]></category>
		<category><![CDATA[satisfaction]]></category>
		<category><![CDATA[Sector Employees]]></category>
		<category><![CDATA[Sounds]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Vests]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.businessinsider.com/survey-finds-terrible-bonuses-met-or-exceeded-wall-streets-even-more-terrible-expectations-2012-2</guid>
		<description><![CDATA[

If you're looking for a data point that shows a shift in compensation culture on Wall Street and you took a quick look at the headline of&#160;this Bloomberg article, you might think you've found it: "Bonuses Met Wall Street Workers&#8217; Expectatio...]]></description>
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<p>If you&#8217;re looking for a data point that shows a shift in compensation culture on Wall Street and you took a quick look at the headline of&nbsp;<a href="http://www.businessweek.com/news/2012-02-06/bonuses-met-wall-street-workers-expectations-survey-shows.html">this Bloomberg article</a>, you might think you&#8217;ve found it: &#8220;Bonuses Met Wall Street Workers&rsquo; Expectations, Survey Shows.&#8221;</p>
<p>According to an email survey of 1,006 financial sector employees by eFinancialCareers.com, 56 percent said their bonus met or exceeded their expectations.</p>
<p>So, it&nbsp;sounds like Wall Street is beginning to accept that a different pay scale will be the norm, right?</p>
<p>Not really. The survey only measured <em>expectations</em>. As a result, it speaks more to the lengths Wall Street employees went this year to convince themselves that their pay was going to be terrible than to any absolute measure of satisfaction with that pay.</p>
<p>Is Wall Street really happy with 20 to 30 percent pay cuts, less cash and more restricted stock that vests over a period of years? Probably not.</p>
<p>Do they think that outcome is better than being fired or getting nothing? Yes! And that&#8217;s is precisely the news this survey delivers.</p>
<p>Please follow <a href="http://www.businessinsider.com/clusterstock?utm_source=vertical&#038;utm_medium=articlebottom&#038;utm_term=&#038;utm_content=bisite&#038;utm_campaign=recirc">Clusterstock</a> on <a href="http://twitter.com/#!/clusterstock?utm_source=vertical&#038;utm_medium=articlebottom&#038;utm_term=&#038;utm_content=twitter&#038;utm_campaign=recirc">Twitter</a> and <a href="http://facebook.com/businessinsider.clusterstock?utm_source=vertical&#038;utm_medium=articlebottom&#038;utm_term=&#038;utm_content=facebook&#038;utm_campaign=recirc">Facebook</a>.</p>
<p><a href="http://www.businessinsider.com/survey-finds-terrible-bonuses-met-or-exceeded-wall-streets-even-more-terrible-expectations-2012-2#comments">Join the conversation about this story &#187;</a></p>
<p><b>See Also:</b></p>
<ul>
<li><a href="http://www.businessinsider.com/lazard-warns-wall-street-deferred-comp-is-no-free-lunch-2012-2">Lazard Warns Wall Street: Deferred Comp Is No &#8216;Free Lunch&#8217;</a></li>
<li><a href="http://www.businessinsider.com/this-chart-shows-you-the-real-reason-wall-street-loves-debt-and-leverage-2012-2">This Chart Shows You The REAL Reason Wall Street Loves Debt And Leverage</a></li>
<li><a href="http://www.businessinsider.com/another-one-bites-the-dust-barclays-to-cut-banker-pay-by-25-30-2012-2">Another One Bites The Dust: Barclays To Cut Banker Pay By 25%-30%</a></li>
</ul>
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		<title>Three reasons why Stephen Hester is exceptional</title>
		<link>http://www.smoothlinking.net/financematters/21288/three-reasons-why-stephen-hester-is-exceptional/</link>
		<comments>http://www.smoothlinking.net/financematters/21288/three-reasons-why-stephen-hester-is-exceptional/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 11:14:36 +0000</pubDate>
		<dc:creator>Andrew Hill</dc:creator>
				<category><![CDATA[António Horta-Osório]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[bonuses]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Lloyds Banking Group]]></category>
		<category><![CDATA[Politicians]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[private sector]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[Renunciation]]></category>
		<category><![CDATA[Royal Bank of Scotland]]></category>
		<category><![CDATA[Stephen Hester]]></category>
		<category><![CDATA[UK Financial Investments]]></category>

		<guid isPermaLink="false">http://blogs.ft.com/businessblog/?p=35541</guid>
		<description><![CDATA[Politicians would like to think that Stephen Hester&#8217;s decision to give up his bonus marks the start of a mass renunciation of &#8220;excessive pay&#8221; by private sector bosses. It is certainly time the UK corporate and political world moved on...]]></description>
			<content:encoded><![CDATA[<p>Politicians would like to think that Stephen Hester&#8217;s decision to give up his bonus marks the start of a mass renunciation of &#8220;excessive pay&#8221; by private sector bosses. It is certainly time the UK corporate and political world moved on &hellip;
<div class="entry-meta"><a href="http://blogs.ft.com/businessblog/2012/01/three-reasons-why-stephen-hester-is-exceptional/">Continue reading: <span class="meta-nav">&#8220;Three reasons why Stephen Hester is exceptional&#8221;</span></a></div>
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		<title>Lloyds Banking Group CEO Will Not Accept A 2011 Bonus</title>
		<link>http://www.smoothlinking.net/financematters/20456/lloyds-banking-group-ceo-will-not-accept-a-2011-bonus/</link>
		<comments>http://www.smoothlinking.net/financematters/20456/lloyds-banking-group-ceo-will-not-accept-a-2011-bonus/#comments</comments>
		<pubDate>Fri, 13 Jan 2012 13:28:00 +0000</pubDate>
		<dc:creator>Julia Reynolds La Roche</dc:creator>
				<category><![CDATA[The Business Inside]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Banking Group]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[British Taxpayers]]></category>
		<category><![CDATA[chief executive]]></category>
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		<category><![CDATA[Group Ceo]]></category>
		<category><![CDATA[Horta]]></category>
		<category><![CDATA[Jesus]]></category>
		<category><![CDATA[Leave Of Absence]]></category>
		<category><![CDATA[Lloyds]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Oso]]></category>
		<category><![CDATA[profitability]]></category>
		<category><![CDATA[Rio]]></category>
		<category><![CDATA[shareholders]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Wall Streeter]]></category>

		<guid isPermaLink="false">http://www.businessinsider.com/lloyds-banking-group-ceo-will-not-accept-a-2011-bonus-2012-1</guid>
		<description><![CDATA[

Lloyds Banking Group's CEO in London will not accept an annual bonus for 2011 after taking a leave of absence from the embattled bank, according to a statement released Friday. [via Dealbook]
"As Chief Executive, I believe my bonus entitlement should...]]></description>
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<p><img style="float:right;" src="http://static7.businessinsider.com/image/4eb10312eab8ea4b5f000033-400-300/antonio-horta-osorio.jpg" border="0" alt="Antonio Horta-Osorio" width="400" height="300" /></p>
<p>Lloyds Banking Group&#8217;s CEO in London <a href="http://www.lloydsbankinggroup.com/media1/press_releases/2012_press_releases_lbg/lbg_main_2012.asp">will not accept an annual bonus for 2011 after taking a leave of absence from the embattled bank</a>, according to a statement released Friday. [via <a href="http://dealbook.nytimes.com/2012/01/13/lloyds-chief-turns-down-bonus/">Dealbook</a>]</p>
<p>&#8220;As Chief Executive, I believe my bonus entitlement should reflect the performance of the Group but also the tough financial circumstances that many people are facing,&#8221; António Horta-Osório said in a statement.</p>
<p>In November, the chief executive was <a href="http://www.businessinsider.com/ceo-of-lloyds-forced-to-take-a-break-becauce-he-was-working-too-hard-2011-11">forced to take a break</a> because he was working himself to the point of exhaustion.&nbsp; He returned to his post earlier this month.</p>
<p>&#8220;I also acknowledge that my leave of absence has had an impact both inside and outside the bank including for shareholders. On that basis, I have decided to request that the Board does not consider me for a 2011 bonus.&#8221;</p>
<p>The chief executive said he wants to restore the bank&#8217;s profitability so the British taxpayers can get back their money.</p>
<p>Please follow <a href="http://www.businessinsider.com/clusterstock">Clusterstock</a> on <a href="http://twitter.com/#!/clusterstock">Twitter</a> and <a href="http://facebook.com/businessinsider.clusterstock">Facebook</a>.</p>
<p><a href="http://www.businessinsider.com/lloyds-banking-group-ceo-will-not-accept-a-2011-bonus-2012-1#comments">Join the conversation about this story &#187;</a></p>
<p><b>See Also:</b></p>
<ul>
<li><a href="http://www.businessinsider.com/bank-of-america-unicredit-office-space-asia-layoffs-worries-of-the-day-2012-1">We Count Three Different Negative Bank Of America Stories Today</a></li>
<li><a href="http://www.businessinsider.com/economist-demonizing-bankers-2012-1">Even Jesus Hated Bankers</a></li>
<li><a href="http://www.businessinsider.com/james-gorman-morgan-stanley-ceo-email-to-joseph-maddalone-2012-1">Aspiring Wall Streeter Emails Morgan Stanley&#8217;s CEO And Gets Some Harsh Advice</a></li>
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		<title>Tim Armstrong Just Opened A Meeting By Giving 150 AOL Execs $10,000 Bonuses (AOL)</title>
		<link>http://www.smoothlinking.net/financematters/19444/tim-armstrong-just-opened-a-meeting-by-giving-150-aol-execs-10000-bonuses-aol/</link>
		<comments>http://www.smoothlinking.net/financematters/19444/tim-armstrong-just-opened-a-meeting-by-giving-150-aol-execs-10000-bonuses-aol/#comments</comments>
		<pubDate>Tue, 13 Dec 2011 23:28:22 +0000</pubDate>
		<dc:creator>Nicholas Carlson</dc:creator>
				<category><![CDATA[The Business Inside]]></category>
		<category><![CDATA[5 Million]]></category>
		<category><![CDATA[Aol People]]></category>
		<category><![CDATA[Attendance]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[Couple Sources]]></category>
		<category><![CDATA[Execs]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Googler]]></category>
		<category><![CDATA[Jim Norton]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Pr Rep]]></category>
		<category><![CDATA[Tim Armstrong]]></category>
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		<guid isPermaLink="false">http://www.businessinsider.com/tim-armstrong-just-opened-a-meeting-by-giving-150-aol-execs-10000-bonuses-2011-12</guid>
		<description><![CDATA[

AOL hosts a "global operating meeting" twice a year.&#160;
It's holding one right this very moment in New York to firm up the company's plans for 2012.
A couple sources tells us that Tim Armstrong just opened the meeting by giving everyone in attenda...]]></description>
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<p><img style="float:right;" src="http://static8.businessinsider.com/image/4ecd5ec8ecad042035000006/tim-armstrong-braveheart.jpg" border="0" alt="tim armstrong, braveheart " /></p>
<p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/aol">AOL</a> hosts a &#8220;<a href="http://www.businessinsider.com/heres-what-aols-top-100-executives-will-talk-about-during-this-weeks-big-meeting-2011-12">global operating meeting</a>&#8221; twice a year.&nbsp;</p>
<p>It&#8217;s holding one <em>right this very momen</em>t in New York to firm up the company&#8217;s plans for 2012.</p>
<p>A couple sources tells us that <a class="hidden_link" href="http://www.businessinsider.com/blackboard/tim-armstrong">Tim Armstrong</a> just opened the meeting by giving everyone in attendance &ndash; about 150 execs &ndash; a $10,000 bonus on the spot.</p>
<p>&#8220;About $1.5 million just for showing up!&#8221; says our incredulous source.</p>
<p>An AOL PR rep declined to comment.</p>
<p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/google">Google</a> did a similar thing a year ago, <a href="http://www.businessinsider.com/google-bonus-and-raise-2010-11">except it gave ALL of its employees $1,000 bonuses and 10% raises.</a></p>
<p><strong>Related:&nbsp;<a href="http://www.businessinsider.com/heres-what-aols-top-100-executives-will-talk-about-during-this-weeks-big-meeting-2011-12">Here&#8217;s What AOL&#8217;s Top 100 Executives Will Talk About During This Week&#8217;s Big Meeting</a></strong><span><br /></span></p>
<p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/#!/sai">Twitter</a> and <a href="http://facebook.com/businessinsider.sai">Facebook</a>.</p>
<p><a href="http://www.businessinsider.com/tim-armstrong-just-opened-a-meeting-by-giving-150-aol-execs-10000-bonuses-2011-12#comments">Join the conversation about this story &#187;</a></p>
<p><b>See Also:</b></p>
<ul>
<li><a href="http://www.businessinsider.com/aol-just-hired-a-chief-people-officer-2011-12">AOL Just Hired A Chief People Officer</a></li>
<li><a href="http://www.businessinsider.com/meet-the-new-head-of-aol-sales-2011-12">Meet The New Head Of AOL Sales, Ex-Googler Jim Norton</a></li>
<li><a href="http://www.businessinsider.com/pop-quiz-what-do-aol-and-our-military-quagmire-in-afghanistan-have-in-common-2011-12">LEAKED MEMO: AOL Has Hired The General Obama Fired</a></li>
</ul>
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		<title>WATCH: Patriots Tight End Rob Gronkowski Refuses To Be Tackled After Making A Diving Catch</title>
		<link>http://www.smoothlinking.net/financematters/19386/watch-patriots-tight-end-rob-gronkowski-refuses-to-be-tackled-after-making-a-diving-catch/</link>
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		<pubDate>Sun, 11 Dec 2011 20:32:00 +0000</pubDate>
		<dc:creator>Tony Manfred</dc:creator>
				<category><![CDATA[The Business Inside]]></category>
		<category><![CDATA[All Sorts]]></category>
		<category><![CDATA[Bill Cosby]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[Diving]]></category>
		<category><![CDATA[Highlight]]></category>
		<category><![CDATA[New England]]></category>
		<category><![CDATA[New England Patriots]]></category>
		<category><![CDATA[Nfl Playoff Race]]></category>
		<category><![CDATA[Redskins]]></category>
		<category><![CDATA[Rob Gronkowski]]></category>
		<category><![CDATA[running]]></category>
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		<category><![CDATA[Tight End]]></category>
		<category><![CDATA[Tim Tebow]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[weather]]></category>

		<guid isPermaLink="false">http://www.businessinsider.com/rob-gronkowski-patriots-highlights-2011-12</guid>
		<description><![CDATA[

New England Patriots tight end Rob Gronkowski has five catches for 155 yards and 2 TDs midway through the third quarter against the Redskins.
Not only is he putting up gaudy numbers, he's making all sorts of highlight-reel plays.
Here he is running t...]]></description>
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<p><a href="http://www.businessinsider.com/blackboard/new-england-patriots" class="hidden_link">New England Patriots</a> tight end Rob Gronkowski has five catches for 155 yards and 2 TDs midway through the third quarter against the Redskins.</p>
<p>Not only is he putting up gaudy numbers, he&#8217;s making all sorts of highlight-reel plays.</p>
<p>Here he is running through tacklers after making a diving catch:</p>
<p><iframe width="590" height="330" frameborder="0" src="http://www.youtube.com/embed/LJh7-pxrDy4"></iframe></p>
<p>Please follow <a href="http://www.businessinsider.com/sportspage">Sports Page</a> on <a href="http://twitter.com/#!/BISportsPage">Twitter</a> and <a href="http://facebook.com/businessinsider.sportspage">Facebook</a>.</p>
<p><a href="http://www.businessinsider.com/rob-gronkowski-patriots-highlights-2011-12#comments">Join the conversation about this story &#187;</a></p>
<p><b>See Also:</b></p>
<ul>
<li><a href="http://www.businessinsider.com/bill-cosby-praises-tim-tebow-2011-12">Bill Cosby Believes Tim Tebow Has The Power To Control Weather</a></li>
<li><a href="http://www.businessinsider.com/nfc-playoff-race-2011-12">The Minimalist&#8217;s Guide To The NFL Playoff Race: NFC Edition</a></li>
<li><a href="http://www.businessinsider.com/tim-tebow-bonus-2011-12">Tim Tebow Just Got A $470,000 Bonus</a></li>
</ul>
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		<title>UK Front Pages Focus On Euro Doom And The Bullying Of The Queen</title>
		<link>http://www.smoothlinking.net/financematters/19064/uk-front-pages-focus-on-euro-doom-and-the-bullying-of-the-queen/</link>
		<comments>http://www.smoothlinking.net/financematters/19064/uk-front-pages-focus-on-euro-doom-and-the-bullying-of-the-queen/#comments</comments>
		<pubDate>Fri, 02 Dec 2011 22:48:03 +0000</pubDate>
		<dc:creator>Nick Jardine</dc:creator>
				<category><![CDATA[The Business Inside]]></category>
		<category><![CDATA[Angela Merkel]]></category>
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		<category><![CDATA[strikes]]></category>
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		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Wit]]></category>

		<guid isPermaLink="false">http://www.businessinsider.com/too-little-too-late-for-the-euro-and-the-queen-gets-bullied-on-british-front-pages-2011-12</guid>
		<description><![CDATA[

A mixed bag on tomorrow's British front pages with the Telegraph catching the eye with its story about the Euro being "doomed from the start."
The Guardian also focuses on the Euro-crisis, more specifically on Angela Merkel's proposed budget controls...]]></description>
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<p><img style="float:right;" src="http://static5.businessinsider.com/image/4ed94fa1eab8eac04a00000f/telegraph-122.png" border="0" alt="telegraph 12/2" /></p>
<p>A mixed bag on tomorrow&#8217;s British front pages with the <a href="http://www.telegraph.co.uk/">Telegraph</a> catching the eye with its story about the Euro being &#8220;doomed from the start.&#8221;</p>
<p>The <a href="http://www.guardiannews.com/">Guardian</a> also focuses on the Euro-crisis, more specifically on Angela Merkel&#8217;s proposed budget controls.</p>
<p>The <a href="http://www.independent.co.uk/">Independent</a> leads wit the prospect of former Lloyd&#8217;s banking chief Eric Daniels having to pay back his bonus, while the <a href="http://www.thetimes.co.uk/tto/news/">Times</a> opts for a story concerning educating children as young as 12 about gambling.</p>
<p>The <a href="http://www.dailymail.co.uk/ushome/index.html">Daily Mail</a> focuses on plans for a British law guaranteeing foreign aid while the <a href="http://www.express.co.uk/home">Daily Express</a> looks at the prospect of some workers potentially having to pay back &pound;47,000 worth of their pensions.</p>
<p>One story that&#8217;s also gracing a couple of the front pages is the news that the Queen was bullied to tears by her husband the Duke of Edinburgh over a row about the couple&#8217;s last name when they initially married.</p>
<p>Please follow <a href="http://www.businessinsider.com/europe">Europe</a> on <a href="http://twitter.com/#!/BI_Europe">Twitter</a> and <a href="http://facebook.com/pages/Business-Insider-Europe/166308930100700">Facebook</a>.</p>
<p><a href="http://www.businessinsider.com/too-little-too-late-for-the-euro-and-the-queen-gets-bullied-on-british-front-pages-2011-12#comments">Join the conversation about this story &#187;</a></p>
<p><b>See Also:</b></p>
<ul>
<li><a href="http://www.businessinsider.com/warnings-of-a-tough-winter-on-british-front-pages-tomorrow-2011-12">Warnings Of A Tough Winter On British Front Pages</a></li>
<li><a href="http://www.businessinsider.com/british-front-pages-focus-on-strikes-and-other-signs-of-financial-doom-2011-11">UK Front Pages Focus On Strikes And Other Signs Of Financial Doom</a></li>
<li><a href="http://www.businessinsider.com/europe-fastest-connections-2011-11">Welcome To The 20 Best Connected Cities In Europe</a></li>
</ul>
<p><br clear="both" style="clear: both;"/><br />
<br clear="both" style="clear: both;"/><br />
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		<title>Government unveils new housing strategy</title>
		<link>http://www.smoothlinking.net/financematters/18627/government-unveils-new-housing-strategy/</link>
		<comments>http://www.smoothlinking.net/financematters/18627/government-unveils-new-housing-strategy/#comments</comments>
		<pubDate>Mon, 21 Nov 2011 13:55:59 +0000</pubDate>
		<dc:creator>jan</dc:creator>
				<category><![CDATA[Finance Matters]]></category>
		<category><![CDATA[400m]]></category>
		<category><![CDATA[All Financial News]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[Cash Rewards]]></category>
		<category><![CDATA[Concentration]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[David Cameron]]></category>
		<category><![CDATA[downturn]]></category>
		<category><![CDATA[first-time buyers]]></category>
		<category><![CDATA[house building]]></category>
		<category><![CDATA[housebuilding]]></category>
		<category><![CDATA[housing strategy]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[Mismanagement]]></category>
		<category><![CDATA[Mortgage Indemnity]]></category>
		<category><![CDATA[Mortgage Lenders]]></category>
		<category><![CDATA[Mortgage News]]></category>
		<category><![CDATA[new homes]]></category>
		<category><![CDATA[New Strategy]]></category>
		<category><![CDATA[Planning Permission]]></category>
		<category><![CDATA[Property News]]></category>
		<category><![CDATA[public sector]]></category>
		<category><![CDATA[Small Beer]]></category>
		<category><![CDATA[social housing]]></category>
		<category><![CDATA[speculation]]></category>

		<guid isPermaLink="false">http://www.financemarkets.co.uk/?p=28237</guid>
		<description><![CDATA[David Cameron has announced a new housing strategy designed to get &#8220;Britain building again&#8221; but Labour claims that the promise of £400m to kickstart stalled developments is ‘small beer’. From July next year, the &#8220;Get Britain Building Fund&#8221; is expected to support the building of 16,000 new homes for which planning permission has already been [...]]]></description>
			<content:encoded><![CDATA[<div class="left">
<img src='http://www.financemarkets.co.uk/images2/property-2.jpg' alt="Government unveils new housing strategy  "/>
</div>
<p>David Cameron has announced a new housing strategy designed to get &#8220;Britain building again&#8221; but Labour claims that the promise of £400m to kickstart stalled developments is ‘small beer’. </p>
<p>From July next year, the &#8220;Get Britain Building Fund&#8221; is expected to support the building of 16,000 new homes for which planning permission has already been granted, and the creation of 32,000 jobs. </p>
<p>By 2015, it is hoped that around 450,000 homes will be built, with the majority of them in the ‘affordable’ category. </p>
<p>The new strategy also includes plans to offer discounts of up to 50 per cent to tenants in social housing, to help them buy the property under ‘right to buy’. </p>
<p>The money raised by the sale of social housing will be re-invested, with one new social housing property being built to replace each one that is sold off. </p>
<p>More public sector land will be made available for house-building and a £150m fund will be available to help make empty housing fit for residential use again. </p>
<p>£50m of this fund will be focused on areas where there is a high concentration of empty homes.</p>
<p>Councils who bring empty homes back into use will be eligible for cash rewards under a ‘New Homes Bonus&#8217; and they will be giver greater housing and planning powers.</p>
<p>Commenting on the announcement, Labour claimed that the government&#8217;s &#8220;mismanagement&#8221; of the economy was contributing to the downturn in housebuilding.</p>
<p>It wants a £2 billion tax to be levied on bank bonuses to boost house building and to create construction jobs. </p>
<p>As part of the new strategy, David Cameron confirmed recent speculation that a mortgage indemnity scheme will be established to help first time buyers who are struggling to raise the high deposits demanded by mortgage lenders since the credit crunch. </p>
<p>The scheme will allow first-time buyers of new homes to borrow up to 95% of their value, with the government underwriting part of the risk.</p>
<p>The difficulties faced by prospective house buyers is reflected in the latest figures from Rightmove which show a 3.1 per cent fall in the asking price of homes. </p>
<p>A shortage of buyers led to the asking price of newly marketed properties falling by £7,528 to £232,144 in November. </p>
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		<title>RBS chief exec in line for £7.7m pay package</title>
		<link>http://www.smoothlinking.net/financematters/8588/rbs-chief-exec-in-line-for-7-7m-pay-package/</link>
		<comments>http://www.smoothlinking.net/financematters/8588/rbs-chief-exec-in-line-for-7-7m-pay-package/#comments</comments>
		<pubDate>Tue, 08 Mar 2011 20:13:49 +0000</pubDate>
		<dc:creator>Kay Murchie</dc:creator>
				<category><![CDATA[Finance Matters]]></category>
		<category><![CDATA[All Financial News]]></category>
		<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[Bob Diamond]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[outrage]]></category>
		<category><![CDATA[pay]]></category>
		<category><![CDATA[public]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland]]></category>
		<category><![CDATA[Stephen Hester]]></category>

		<guid isPermaLink="false">http://www.financemarkets.co.uk/?p=24842</guid>
		<description><![CDATA[The Royal Bank of Scotland (RBS) has today revealed its chief executive, Stephen Hester, will receive an extra shares bonus worth up to £4.5 million &#8211; taking his total pay package to £7.7 million for 2010. The bank, which is 83% owned by the ta...]]></description>
			<content:encoded><![CDATA[<p>The Royal Bank of Scotland (RBS) has today revealed its chief executive, Stephen Hester, will receive an extra shares bonus worth up to £4.5 million &#8211; taking his total pay package to £7.7 million for 2010. The bank, which is 83% owned by the taxpayer, also unveiled bonus payments for several of its other executives. [...]
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		<title>Barclays chief exec to receive £6.5m bonus</title>
		<link>http://www.smoothlinking.net/financematters/8535/barclays-chief-exec-to-receive-6-5m-bonus/</link>
		<comments>http://www.smoothlinking.net/financematters/8535/barclays-chief-exec-to-receive-6-5m-bonus/#comments</comments>
		<pubDate>Mon, 07 Mar 2011 11:50:48 +0000</pubDate>
		<dc:creator>Kay Murchie</dc:creator>
				<category><![CDATA[Finance Matters]]></category>
		<category><![CDATA[2010]]></category>
		<category><![CDATA[All Financial News]]></category>
		<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[Bob Diamond]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[deferred]]></category>
		<category><![CDATA[lending targets]]></category>
		<category><![CDATA[pay restraints]]></category>
		<category><![CDATA[profits]]></category>
		<category><![CDATA[shares]]></category>

		<guid isPermaLink="false">http://www.financemarkets.co.uk/?p=24815</guid>
		<description><![CDATA[It has been revealed that Bob Diamond, chief executive of Barclays, will be awarded a bonus of £6.5 million for the 2010 year. While the figure is lower than a reported bonus of £9 million, Mr Diamond, who was appointed chief executive earlier this y...]]></description>
			<content:encoded><![CDATA[<p>It has been revealed that Bob Diamond, chief executive of Barclays, will be awarded a bonus of £6.5 million for the 2010 year. While the figure is lower than a reported bonus of £9 million, Mr Diamond, who was appointed chief executive earlier this year, is already paid a £250,000 annual salary. The bonus and [...]
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		<title>BAA boss forgoes bonus over travel chaos</title>
		<link>http://www.smoothlinking.net/financematters/7832/baa-boss-forgoes-bonus-over-travel-chaos/</link>
		<comments>http://www.smoothlinking.net/financematters/7832/baa-boss-forgoes-bonus-over-travel-chaos/#comments</comments>
		<pubDate>Wed, 22 Dec 2010 19:31:04 +0000</pubDate>
		<dc:creator>Kay Murchie</dc:creator>
				<category><![CDATA[Finance Matters]]></category>
		<category><![CDATA[All Financial News]]></category>
		<category><![CDATA[BAA]]></category>
		<category><![CDATA[backlog]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[Colin Matthews]]></category>
		<category><![CDATA[Company News]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[forgo]]></category>
		<category><![CDATA[Heathrow Airport]]></category>
		<category><![CDATA[responsible]]></category>
		<category><![CDATA[snow]]></category>
		<category><![CDATA[travel chaos]]></category>
		<category><![CDATA[unprepared]]></category>

		<guid isPermaLink="false">http://www.financemarkets.co.uk/?p=23648</guid>
		<description><![CDATA[Heathrow airport&#8217;s boss, Colin Matthews, has announced he will forgo his 2010 bonus after saying he was “responsible” for the recent crisis at the snow-hit airport. Mr Matthews said: &#8220;We&#8217;ve had a crisis here. I am responsible and ...]]></description>
			<content:encoded><![CDATA[<p>Heathrow airport&#8217;s boss, Colin Matthews, has announced he will forgo his 2010 bonus after saying he was “responsible” for the recent crisis at the snow-hit airport. Mr Matthews said: &#8220;We&#8217;ve had a crisis here. I am responsible and I have decided not to take my bonus.&#8221; However, BAA would not disclose what Mr Matthews’ six-figure [...]
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